Rigid plastic packaging possesses features such as lightweight, flexible, and durable, which makes it suitable solution for packaging of products used in different industries such as beverages, food, healthcare, personal care and so on. Rigid plastic packaging products includes bottles & jars, trays, and blister packs.

The global rigid plastic packaging market is expected to witness significant growth during the forecast period owing to various factors such as changing lifestyles and consumer shifts towards packaged foods, increasing demand from end-use industries such as food & beverage and healthcare. Apart from these, additional factors such as growing retail sector, rising disposable income and acceleration in industrial activities in the emerging economies, are likely to fuel the growth of the rigid plastic packaging market during the forecast period.

Advancements in terms of product innovations and technologies are also expected to create strong investment opportunities for rigid plastic packaging. Rigid plastic packaging is also substituting glass and metal in various applications, as plastic is a lighter and more cost effective solution. Governmental and environmental regulations against the use of plastic, as it is non-biodegradable is one of the major factors hampering the market growth. High cost of initial setup is a major challenge, whereas fluctuating demand patterns and advancements of alternative technologies are expected to be the burning issues for the market.

Competitive Insights

Key players present in the market are Amcor Limited (Australia), Bemis Company, Inc. (U.S.), RPC Group Plc (U.K.), Berry Plastics Corporation (U.S.), Alpla Werke, Alwin Lehner GmbH & Co. Kg (Austria), Reynolds Group Holdings (New Zealand), Silgan Holdings, Inc. (U.S.), and Sealed Air (U.S.) among others. The leading rigid plastic packaging manufacturers are focusing on emerging countries that are estimated to show potential for industrial development in the near future.